Pharmacy students in national business plan competition finals
22 July 2011
The University of Sydney have narrowly missed out on winning this year's Pharmacy Guild National Student Plan Business Competition.
The competition is open to all pharmacy school in Australia and aims to encourage student teams to use their ideas, talents and energy to create innovative new business ideas in community pharmacy through the development of competitive business plans.
Two teams were submitted from the University of Sydney and progressed through to the semi-finals as a result of their high quality business plans.
The first team made up of pharmacy students: Rita Ayoub, Ella Sin and Sarah Barbara made it to the semi-finals. The other team led by team captain Eric Hon - Wai included Kyle Boggio, Dennis Qun Yue Chan and Chelsea Lewis passed through to the final round. This was presented at the Pharmacy Women's Congress in Cairns on July 15th-17th.
The live final presentation included a ten minute pitch of their idea to delegates and the judging panel comprised of key opinion leaders. The pitch focused on a real life simulation to give the students experience that is needed when pitching innovative ideas to banks, accountants and business leaders within the pharmaceutical industry.
The finals were a 'State of Origin affair' with the students from Sydney competing against students from the University of Queensland and Queensland University of Technology.
The University of Sydney team came second to the Queensland University of Technology by a narrow margin. The Sydney team was awarded $4000 in prize money. University of Queensland finished in third place.
Team captain Eric said: "The competition has taught me a new dimension to community pharmacy. It has fuelled my desire to pursue a pharmacy management career. I would like to thank the Faculty and our mentors for supporting the team during the competition."
The University of Sydney has previously won this competition in 2008 and 2009 under the guidance of Professor Lesley White. Team captain from the 2008 competition Daniel Rifkin, who is the current Vice President of the Pharmacy Alumni Association and PhD candidate pharmacy management, mentored the team that made the finals.
Daniel said: "I am very proud of the students! They have learnt valuable skills in their preparation of their business plan, demonstrated innovation and creativity and have emerged with a strong professional service focus. They worked extremely hard but also had a lot of fun."
Contact: Kate Sanday
Phone: 02 9351 2311